land(used in operation )-114,000..long term investment stock-36,000..notes rec due in 3 years 26,000.. accounts rec 24,000..cash -26,000..prepaid expenses-10,800..intangable assets- 15,000..inventory 55,000..trucks-46,000/accumilitated deprecation 12,000

acc payable -62,000..wages payable 21,000..interest payable24,000 ..notes payable(due 9 years) 34,000 ..morg (due 20 years )84,000 ..common stock 69,000..retained 57,000

1. Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation trucks.) 2. Assume the company had a notes receivable of $2,000 that was to be collected within 3 months, how would it be reported on a classified balance sheet? 3. Assume Land reported in the company's accounting system is not used in operations, and is instead being held for future expansion. How should this account be reported on the balance sheet? Complete this question by entering your answers in the tabs below. Req 1 Req 2. and 2 Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation - trucks.) JISKO Balance Sheet December 31 Assets Current assets 0 Total current assets Long-term investments 0 Total long-term investments Plant assets Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 2 2. Assume the company had a notes receivable of $2,000 that was to be collected within 3 months, how would it be reported on a classified balance sheet? 3. Assume Land reported in the company's accounting system is not used in operations, and is instead being held for future expansion. How should this account be reported on the balance sheet? Show less A How would it be reported on a 2. classified balance sheet? How should this account be 3. reported on the balance sheet?